Outer Banks, NC - December 20, 2011 - (RealEstateRama) -- This is the third year in a row with increased real estate sales across all sectors of the Outer Banks real estate market from the low end properties all the way up to oceanfront real estate.
December 20, 2011 - (RealEstateRama) -- Hatters Island, on the south end of the Outer Banks, is in the middle of an oceanfront home shortage. No need to worry though, because the shortage is only because there are not enough oceanfront houses for sale to accomadate all of the potential buyers. Despite the best efforts of the media to scare everyone away from the real estate market, Hatteras Island is experiencing a boom in the sales of oceanfront single family homes resulting in the shortage.
Outer Banks, NC - December 19, 2011 - (RealEstateRama) -- For those interested in selling their Kill Devil Hills oceanfront home, right now is not a bad time to give it a try. Jumbo loans are available and there are plenty of people with down payment money and good credit who are looking to do something with their money. The conventional wisdom of investing in the stock market is starting to lose favor among a lot people with the stock market becoming too scary for a lot of people, especially after watching stock holdings evaporate overnight.
Outer Banks, NC - December 17, 2011 - (RealEstateRama) -- You don' t see a whole lot of turnover along the Southern Shores oceanfront. People who own beachfront homes in Southern Shores tend to hold onto their properties longer than their contemporaries in most of the other areas of the Outer Banks. There is also a larger proportion of second home owners vs rental property owner amongst the Southern Shores property owners and with the the oceanfront lots in Southern Shores being twice as wide as anywhere else around resulting in half as many lots along the Southern Shores beachfront. (most oceanfront lots measure 50 feet wide and Southern Shores lots measure 100 ft. wide)
Outer Banks, NC - December 15, 2011 - (RealEstateRama) -- The recession seems to be affecting different segments of the population differently. While all we ever hear about are the people who lost their jobs and who lost their houses and trashed their credit we never seem to hear about the vast majority of people who still have jobs, still have credit and managed to not borrow more than they could afford. These clever folks have managed to stay on the sidelines waiting for the smoke to clear so they could see when it was time to take advantage of the decline in real estate prices brought on by a minority of Americans.
Outer Banks, NC - December 13, 2011 - (RealEstateRama) -- To calculate the absorption rate for beachfront homes sales in the OBX vacation destination of Corolla you have to figure the amount of time it will take to sell off all the available real estate inventory. In Corolla there are currently 34 oceanfront houses for sale. The number of beachfront houses sold in the past 12 months was a total of 27 single family homes. With 34 oceanfront homes currently for sale it, will take 1.3 years to sell all of the <a title="Corolla beachfront homes for sale"